Burney Co. Decreases Stake in Mondelez International, Inc. $MDLZ

Burney Co. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 39.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,781 shares of the company’s stock after selling 52,764 shares during the quarter. Burney Co.’s holdings in Mondelez International were worth $4,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Norges Bank acquired a new position in Mondelez International during the second quarter worth about $1,239,834,000. First Trust Advisors LP lifted its position in shares of Mondelez International by 197.9% during the 2nd quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock valued at $274,221,000 after acquiring an additional 2,701,229 shares during the period. Corient Private Wealth LLC lifted its position in shares of Mondelez International by 88.1% during the 2nd quarter. Corient Private Wealth LLC now owns 4,312,887 shares of the company’s stock valued at $290,862,000 after acquiring an additional 2,020,135 shares during the period. Confluence Investment Management LLC boosted its stake in shares of Mondelez International by 324.5% during the 3rd quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock worth $138,928,000 after acquiring an additional 1,699,980 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Mondelez International by 10.7% in the 2nd quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock worth $936,894,000 after acquiring an additional 1,345,078 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MDLZ shares. Wells Fargo & Company reduced their price objective on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Barclays dropped their price target on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Zacks Research downgraded Mondelez International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research report on Thursday, October 2nd. Finally, DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.58.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $54.64 on Friday. The firm has a market cap of $70.51 billion, a PE ratio of 20.46 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. Mondelez International, Inc. has a 1-year low of $53.13 and a 1-year high of $71.15. The firm has a 50 day simple moving average of $56.55 and a 200-day simple moving average of $61.78.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company had revenue of $7.30 billion for the quarter. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 74.91%.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.